UK neobank Monzo has increased its valuation to $5.9bn in an employee share sale. The fintech said on Friday that investors taking part in the deal include StepStone Group and Singaporean sovereign wealth fund GIC, which participated in Monzo’s $610m fundraising earlier this year. The secondary deal will see equity-holding employees at the bank cash in on their stock holdings.
News
October 11, 2024
Monzo ups valuation to $5.9bn in employee share sale ahead of EU expansion
The transaction comes months after it raised $610m in primary funding earlier this year
2 min read
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Tom Matsuda is a fintech reporter at Sifted and writes our weekly fintech newsletter. Find him on X and LinkedIn

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